For the third straight year, the captive insurance industry has strengthened its capital base relative to the risks assumed, according to a report from A.M. Best Co. in Oldwick, N.J.
Nonetheless, much needed to be recouped from prior years, when surplus declined significantly while premiums and loss reserves grew substantially, the rating firm found.
Net premiums written grew by 47 percent over the five years through 2005, but only by 5.8 percent in the past year, said Best.
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